France: Minister of Ecological Transition Opposes New Oil Drilling

The proposed eight new oil wells near Arcachon have sparked internal government disagreements. Agnès Pannier-Runacher, Minister of Ecological Transition, has voiced her opposition to this initiative, contradicting the previous statements of Christophe Béchu.

Share:

The proposed project to drill several new oil wells is located in the Arcachon Basin area. The concession, held by the Canadian company Vermilion Energy, is valid until 2035 and currently includes around fifty wells producing approximately 1,500 barrels per day. According to various administrative sources, the public inquiry recently issued a favorable opinion, though local authorities have not yet approved the request. Several institutional representatives are closely monitoring the situation due to the legislative precedent that mandates the gradual cessation of hydrocarbon extraction by 2040.

Government Positions

Minister of Ecological Transition, Agnès Pannier-Runacher, has expressed her opposition to extending oil drilling in this area. This position contrasts with that of her predecessor, Christophe Béchu, who believed that local production was preferable to oil imports. Interministerial meetings are scheduled to resolve the issue, but no final decision has been communicated as of yet. Observers note that France’s energy strategy must consider reducing dependence on fossil fuels.

The commune of La Teste-de-Buch, where the concession is located, has also suffered from significant forest fires in the past. According to the prefecture, any decision allowing further drilling must take into account environmental risks and the security of installations. Several protests against the project have been held, attracting varying numbers of participants. In each rally, demonstrators voiced their concerns about continuing fossil fuel extraction in the region.

Reactions and Issues

The local representative of the state clarified that the opinion of the investigating commissioner did not constitute a final decision. Authorities remain cautious, as the law passed in 2017 calls for the gradual cessation of hydrocarbon extraction to limit its use in the future. Several players in the oil industry, however, argue that domestic production would contribute to securing supply. Other experts remind that the entire sector remains subject to constant regulatory changes.

Local collectives contest the economic viability of these additional wells, stressing the need to assess their environmental and local economic impact. Supporters of the project argue that existing production can be optimized without causing major consequences. The question of renewing or extending the concessions thus sparks a broader debate, as national energy policy tends to favor other forms of production. The prefect of Gironde has not set a timeline for the next steps.

The private OCP pipeline has resumed operations in Ecuador following an interruption caused by heavy rains, while the main SOTE pipeline remains shut down, continuing to impact oil exports from the South American country.
McDermott secures contract worth up to $50 million with BRAVA Energia to install subsea equipment on the Papa-Terra and Atlanta oil fields off the Brazilian coast.
Saudi Aramco increases its oil prices for Asia beyond initial expectations, reflecting strategic adjustments related to OPEC+ production and regional geopolitical uncertainties, with potential implications for Asian markets.
A bulk carrier operated by a Greek company sailing under a Liberian flag suffered a coordinated attack involving small arms and explosive drones, prompting an Israeli military response against Yemen's Houthis.
The Canadian government is now awaiting a concrete private-sector proposal to develop a new oil pipeline connecting Alberta to the Pacific coast, following recent legislation intended to expedite energy projects.
Petrobras is exploring various strategies for its Polo Bahia oil hub, including potentially selling it, as current profitability is challenged by oil prices around $65 per barrel.
Brazilian producer Azevedo & Travassos will issue new shares to buy Petro-Victory and its forty-nine concessions, consolidating its onshore presence while taking on net debt of about USD39.5mn.
Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.
Lindsey refinery could halt operations within three weeks due to limited crude oil reserves, according to a recent analysis by energy consultancy Wood Mackenzie, highlighting an immediate slowdown in production.
The flow of crude between the Hamada field and the Zawiya refinery has resumed after emergency repairs, illustrating the mounting pressure on Libya’s ageing pipeline network that threatens the stability of domestic supply.
Libreville is intensifying the promotion of deep-water blocks, still seventy-two % unexplored, to offset the two hundred thousand barrels-per-day production drop recorded last year, according to GlobalData.
The African Export-Import Bank extends the Nigerian oil company’s facility, providing room to accelerate drilling and modernisation by 2029 as international lenders scale back hydrocarbon exposure.
Petronas begins a three-well exploratory drilling campaign offshore Suriname, deploying a Noble rig after securing an environmental permit and closely collaborating with state-owned company Staatsolie.
Swiss commodities trader Glencore has initiated discussions with the British government regarding its supply contract with the Lindsey refinery, placed under insolvency this week, threatening hundreds of jobs and the UK's energy security.
Facing an under-equipped downstream sector, Mauritania partners with Sonatrach to create a joint venture aiming to structure petroleum products distribution and reduce import dependency, without yet disclosing specific investments.
Dalinar Energy, a subsidiary of Gold Reserve, receives official recommendation from a US court to acquire PDV Holdings, the parent company of refiner Citgo Petroleum, with a $7.38bn bid, despite a higher competing offer from Vitol.
Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.
Commercial oil inventories in the United States rose unexpectedly last week, mainly driven by a sharp decline in exports and a significant increase in imports, according to the US Energy Information Administration.
TotalEnergies acquires a 25% stake in Block 53 offshore Suriname, joining APA and Petronas after an agreement with Moeve, thereby consolidating its expansion strategy in the region.
British company Prax Group has filed for insolvency, putting hundreds of jobs at its Lindsey oil site at risk, according to Sky News.